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British Rail

Volume 205: debated on Tuesday 3 March 1992

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To ask the Secretary of State for Transport when Her Majesty's Government intend to raise the external financing limit for British Rail.

In June 1991 we raised British Rail's external financing limit for 1991–92 by £400 million, to a revised total of £1,522 million. The limit for 1992–93 was set in the autumn statement at £2,041 million, in real terms the highest ever figure and an increase of 28 per cent. over 1991–92.